The Star-Ledger's Andy McCullough writes that Francisco will likely be the Mets' closer. He had a 3.55 ERA with the Blue Jays last year, and Rauch's was 4.85. Ramirez's ERA was 2.62. In Torres for Pagan, McCullough says the Mets traded some offense for defense.

Not bad picks ups. Francisco, Rauch, and Ramirez are all solid relievers. Probably better than anything we had last season. Torres for Pagan is pretty much a wash, two guys that were in need of a change in scenery. I won't miss Pagan.

NJ.com user Dave doesn't echo those sentiments and is not the only one commenting who believes the Pagan trade was just to save money:

Another great set of moves by our cracker jack management team. Give Alderman and his small market clowns a little more time and they'll be finished completing a New York version of the Pirates and in twenty years we'll be celebrating breaking the Pirates record for losing seasons. All so they can save the Wilpons money and the heck with the fans...let them pay NY prices and get a Pirates product!

Speaking to the Mets-Giants deal specifically, the key to the trade for the Mets was Ramirez, not Torres. You're getting a piece of one of the best bullpens in the majors. He throws hard and he can close, which is what the Mets desperately needed more than Pagan's offense. I assume the offense will be picked up with the return of Davis, the progress of Duda, the health of Murphy and a full year of Wright. (Notice I did not mention Bay.) While I think Pagan is a better overall player than Torres, Ramirez is better than anyone we had last year post K-Rod.